Friends, the US-Iran front is heating up significantly.
As geopolitical risks increase, the #Crypto side is also feeling the impact. #Bitcoin experienced a sharp decline during the day. So, where could the price go from here? Let's take a look at the liquidation map. 📍 When we look at the map, we see that there is no significant liquidity accumulation below the current price. 📍 On the contrary, heavy liquidity is clustered above, especially around the 68.4K level, which we previously identified as resistance. What does this mean? As long as uncertainty continues, the price may try to clear the liquidity above. ⚠️ However, if a sudden news of a severe war breaks out, the market might move entirely based on news flow, ignoring liquidity. For now, this is the picture. The 68.4K level is critical. Keep it in mind. Stay tuned.
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Friends, the US-Iran front is heating up significantly.
As geopolitical risks increase, the #Crypto side is also feeling the impact.
#Bitcoin experienced a sharp decline during the day.
So, where could the price go from here?
Let's take a look at the liquidation map.
📍 When we look at the map, we see that there is no significant liquidity accumulation below the current price.
📍 On the contrary, heavy liquidity is clustered above, especially around the 68.4K level, which we previously identified as resistance.
What does this mean?
As long as uncertainty continues, the price may try to clear the liquidity above.
⚠️ However, if a sudden news of a severe war breaks out, the market might move entirely based on news flow, ignoring liquidity.
For now, this is the picture.
The 68.4K level is critical.
Keep it in mind.
Stay tuned.